Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule Of Deferred Tax Assets and Liabilities

	December 31, 2023			December 31, 2022
Deferred income tax assets (liabilities)
Net operating losses	$	32.2		$	34.2
Postretirement benefits		13.1			16.7
Pension benefit liabilities		8.1			8.2
Deferred compensation		6.8			7.1
State tax credit carryforwards		4.4			4.7
Capital loss carryforwards		18.8			18.8
Capitalized research expenses		15.3			9.4
Lease liabilities		9.5			9.7
Other		9.0			3.8
Total deferred income tax assets		117.2			112.6
Valuation allowances		(49.1	)		(48.7	)
Net deferred income tax assets		68.1			63.9
Intangibles		(84.7	)		(85.1	)
Partnerships and investments		(25.4	)		(25.5	)
Accumulated depreciation		(87.3	)		(86.4	)
Prepaid pension costs		(21.6	)		(21.2	)
Inventories		(4.4	)		(4.9	)
Lease assets		(9.9	)		(9.9	)
Other		(1.7	)		(0.3	)
Total deferred income tax liabilities		(235.0	)		(233.3	)
Net deferred income tax liabilities	$	(166.9	)	$	(169.4	)

Schedule of Components of Income Tax Expense (Benefit)

	2023			2022			2021
Details of taxes
Earnings from continuing operations before income taxes
Domestic	$	291.9		$	251.7		$	239.3
Foreign		6.4			5.9			3.4
Total	$	298.3		$	257.6		$	242.7
Income tax expense (benefit):
Current:
Federal	$	59.8		$	46.3		$	39.4
Foreign		1.7			1.3			0.6
State		13.9			11.3			8.7
Total current		75.4			58.9			48.7
Deferred:
Federal		(3.2	)		(1.9	)		3.6
Foreign		(0.2	)		(0.2	)		0.6
State		2.5			0.9			4.5
Total deferred		(0.9	)		(1.2	)		8.7
Total income tax expense	$	74.5		$	57.7		$	57.4

Schedule Of The Reconciliation To U.S. Statutory Tax Rate

	2023			2022			2021
Reconciliation to U.S. statutory tax rate
Continuing operations tax expense at statutory rate	$	62.6		$	54.1		$	51.0
Increase (decrease) in valuation allowances on deferred income tax assets		0.3			(1.7	)		(17.8	)
Expiration of deferred income tax assets		0.2			0.7			18.3
State income tax expense, net of federal impact		13.7			11.0			11.0
Statute closures		(0.6	)		(5.1	)		(3.8	)
Excess tax benefits on share-based compensation		(0.1	)		(0.5	)		(0.8	)
U.S. permanent differences		(2.6	)		(0.8	)		(1.3	)
Other		1.0			-			0.8
Tax expense at effective rate	$	74.5		$	57.7		$	57.4

Schedule Of Unrecognized Tax Benefits

We had the following activity for UTB’s for the years ended December 31, 2023, 2022 and 2021:

	2023			2022			2021
Unrecognized tax benefits balance at January 1,	$	27.3		$	35.6		$	41.7
Gross change for current year positions		0.4			0.4			1.7
Increase for prior period positions		0.2			0.2			-
Decrease for prior period positions		(0.5	)		(1.4	)		(3.6	)
Decrease due to statute expirations		(0.5	)		(7.5	)		(4.2	)
Unrecognized tax benefits balance at December 31,	$	26.9		$	27.3		$	35.6

Schedule Of Other Taxes

	2023		2022		2021
Other taxes
Payroll taxes	$	20.8	$	18.3	$	13.4
Property, franchise and capital stock taxes		5.4		4.5		4.4